NCLT reconstitutes benches for regular hearing from 1 December
The NCLT benches have been reconstituted to attend regular hearing through video conference with effect from 1 December 2020. The...
Year: 2020
‘It is time NCLT imposes heavy costs on petitioners filing frivolous cases to delay resolution process’
Tarun Gulati Senior Supreme Court lawyer Tarun Gulati, who is also an active practitioner in the insolvency and bankruptcy space,...
Companies going for voluntary liquidation may now have an option to withdraw from the process
After amending the liquidation process under the Insolvency and Bankruptcy Code (IBC), the insolvency regulator – Insolvency and Bankruptcy Board...
Unsuccessful resolution applicant has no right to question implementation of approved resolution plan
Once a resolution applicant is out of the fray to acquire a corporate debtor in an insolvency proceeding, the unsuccessful...
Former RBI governor Raghuram Rajan criticises proposal allowing large corporates to own banks
The former Reserve Bank of India (RBI) governor Raghuram Rajan and former deputy governor Viral Acharya have questioned the RBI...
Why IBBI is keeping a close eye on fees charged by insolvency professionals
The fees charged by the insolvency professional (IP) either in his/her role as a resolution professional, interim resolution professional or...
RBI bites the bullet, may allow large corporates to own banks
The Reserve Bank of India (RBI) might soon allow large corporate to own banks, something that the banking regulator had...
Corporate insolvency and the need for an interim moratorium in India
By Anupam Verma and Jay Kothari The Insolvency & Bankruptcy Code, 2016 (Code) has sought to introduce a self-sufficient code to...
US bankruptcies decline over past two weeks, but companies still struggling
US bankruptcies continued to grow in the last two weeks during the coronavirus era but at a slower pace than...
Piramal Group’s letter to creditors of DHFL protesting Adani’s ‘unsolicited’ bid
The Adani Group’s submission of bid to acquire the entire business of beleaguered housing finance company -– Dewan Housing Finance...